Simon Property Group, Inc.
SPG - Insider Information
Get informed when a big investor buys or sells
+ FollowMarket Cap$70.53B
Close$
Earnings Call Q2 2026
August 10, 2026 - AI Summary
Strong Q2 performance and accelerating growth (good): Real estate FFO was $1.25B / $3.29/share, up 7.9% YoY (vs. $1.15B / $3.05/share). Domestic property NOI +8.5% YoY; portfolio NOI +8.3% (international at constant currency). Reported FFO $3.12/share includes a $0.21/share noncash after-tax gain tied to Catalyst Brands/Forever 21 deconsolidation (so reported isn’t perfectly “clean” vs. peers/ongoing operations).
Leasing momentum remains very strong (good): Signed 1,200+ leases totaling 4.8M sq ft in Q2; new deals +20% YoY; new deals were ~28% of total lease square feet. New deal economics: initial base minimum rent on new deals +17% YoY while tenant allowances -12% YoY. Expirations execution is ahead: completed 87% of 2026 expirations, ahead of last year, while the 2027–2028 pipeline is building (management cited it as well ahead of last year’s pace).
Retail sales acceleration supports fundamentals (good/surprising): Malls & Premium Outlets $838/sq ft, +13.9%. Total sales volume: +6.6% over trailing 12 months and +7.6% in the quarter; comparable sales +5.7% in Q2. Management highlighted broad tenant demand and activations (Outlet Shopping Day; World Cup-driven events), reinforcing that consumer traffic and retailer sales are responding.
Exclusive for Stockcircle Pro members
Sign up
$156.21
31.6% downside
Current Fair Value
31.6% downsideOvervalued by 31.6% based on the discounted cash flow analysis.
Insider Trades
Loading insider trades…
Congress Trades
Loading congress trades…
Share Statistics
| Market cap | $70.53 Billion |
|---|---|
| Enterprise Value | $98.94 Billion |
| Annual dividend | $8.90 |
| Dividend yield | 4.09% |
| Earnings per Share | $14.14 |
| Beta | 1.33 |
| Outstanding Shares | 324,018,022 |
Return
| Return on Equity | 107.08% |
|---|---|
| Return on Assets | 11.96% |
| Return on Invested Capital | 16.28% |
Valuation & Multiples
| P/E Ratio | 15.4 |
|---|---|
| PEG | 127.17 |
| Price to Sales | 10.88 |
| Price to Book Ratio | 13.44 |
| Enterprise Value to Revenue | 14.25 |
| Enterprise Value to EBIT | 16.03 |
| Enterprise Value to Net Income | 20 |
| Total Debt to Enterprise | 0.3 |
| Debt to Equity | 6.64 |
Revenue Sources
No data
Last Earnings Call
Report Date
November 2, 2026
EPS Estimate
$1.68
Consensus analyst estimateRevenue Estimate
$1.63 B
Consensus analyst estimateInstitutional Put/Call Ratio
Compares institutional put options with call options. At 0.00, the ratio is below 1, so institutions hold more calls than puts.
| Put/Call Ratio | 0.0000▼ 106.33% |
|---|---|
| Total Calls | -▼ 100.00% |
| Total Puts | 2,100▼ 99.86% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 4.28%▼ 90.63% |
|---|---|
| Total Invested | $2.78B▼ 95.95% |
| Investors Holding | 493▼ 927.00% |
About Simon Property Group, Inc.
2,018 employees
CEO: David Simon
Simon Property Group, Inc. is a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company Its properties across North America, Europe and Asia prov...